· US Q4 GDP confirmed at tepid 0.6 percent, but upward revision to personal consumption leads to short-term US dollar rally
· Sentiment fails to hold throughout the day - EUR/USD consolidates gains, DJIA e
· The credit crunch rumbles in the UK as Nationwide - one of the country's biggest mortgage lenders - raises rates in an effort to avoid being 'overly competitive.'
Stories to watch on DailyFX
· Additional rate cuts by the FOMC are likely. Find out why in Watch What the Fed Watches.
· According to FXCM SSI, Euro Positioning And Open Interest May Signal An Impending Flip.
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